Your credit-card debit is growing out of control.Maybe your home's kitchen hasn't been updated since the 1970s.Or maybe you haven't saved a penny for that child who's set to enroll at Harvard next year.

Taking out two mortgages on the same house simultaneously may sound like a bad idea at first glance, but "piggyback loans" are a common way to make a smaller down payment or avoid paying mortgage insurance.

Borrowing against the equity in your home is an easy way to access cash for a home improvement project or debt consolidation.The two most popular options are the cash-out refinance and the second mortgage.

Debt consolidation loans can be a good option for paying off credit card debt.Borrowers can make one lower payment to a lender by consolidating their bills instead of many payments to different credit card companies.

Back during the real estate bubble of 2007 when people were using their homes like giant ATM machines, cash-out refinancing was an easy way to pull some equity out of a home to finance vacations, home repairs, cars and pay off credit cards.

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